An Exchange Rate History of the United Kingdom: 1945–1992 (Studies in Macroeconomic History)

The pages are not properly glued to the binding

This book gives you an insider look by getting into the nitty-gritty of how the Bank's foreign exchange dealers actually intervened in foreign exchange markets. The book takes you through over 50 years of sterling history, using fresh archives, data, and even photographs. They'll guide you through the various crises that happened from the end of World War II all the way up to Black Wednesday in 1992. What they found out is that having a backup currency like sterling is a pretty big deal when it comes to keeping the international financial system stable. The author also dives into how we can learn from the Bretton Woods system on managed exchange rates, especially given the context of Brexit. This book is essential reading for anyone studying economics or history, and it'll help shed some light on what the future of the global financial system might look like.